TITLE

The Shrinking Government Sector

AUTHOR(S)
Carroll, Daniel
PUB. DATE
April 2012
SOURCE
Economic Trends (07482922);Apr2012, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the changes in the appropriations and expenditures of the federal, state, and local government in the U.S. It indicates a downward trend for all levels of government with significant cuts on budget spending due to the recent financial crisis and weak recovery of the gross domestic product (GDP). It reveals that deficits from consumption and investment relative to GDP continue to accrue which need to borrow in order to fund for government spending.
ACCESSION #
76287029

 

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